Lear nears deal to buy Eagle Ottawa for more than $800 million: WSJ

The sign in front of the headquarters of Lear Corp., an auto parts maker, is seen in Southfield, Michigan February 9, 2007.

Reuters/Rebecca Cook

Lear Corp, a maker of auto seats and electrical power systems, is nearing a deal to buy Eagle Ottawa LLC, a supplier of premium automotive leather, for more than $800 million, the Wall Street Journal reported, citing sources familiar with the matter.

A deal for Eagle Ottawa, owned by Milwaukee-based investment firm Everett Smith Group Ltd, could be announced in the next couple of weeks, the report said. (on.wsj.com/VEcPlu)

Both Lear and Eagle Ottawa were not immediately available for comment.